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BSIG - Here's Why BrightSphere Investment Group Stock Was Soaring on Friday
BrightSphere Investment Group plc
The stock market was having a terrible day on Friday with the Dow Jones Industrial Average and S&P 500 both down by more than 2% as of 3 p.m. EDT. However, there were some standouts.
One of the best performers of the day was BrightSphere Investment Group(NYSE: BSIG), a holding company for boutique asset management firms, whose stock was up by more than 16%. Earlier in the trading day, shares were up by more than 25% before losing a bit of momentum.